Mike Norman Economics

With Russia that wraps I guess it's time to set up the next target, China, those bad commies. Yep, Neocons and National Endowment for Democracy (NED are involved. Another state they hype to implode from within with all the mess and he'll that creates.  Media outlets from Reuters to The Intercept falsely claimed the UN had condemned China for holding a million Uighurs in camps. The claim is based on unsourced allegations by two independent commission members, US-funded outfits and a shadowy...

It is Wednesday and so just some snippets. I have written about the behavioural impacts that studying mainstream economics, particularly the microeconomics component can have on students as they progress through their studies. I have observed sort of nice young people entering first-year and by later years, become arrogant, self-opinionated and delusional jerks. This phenomenon is particularly prominent if they go onto to do postgraduate level studies. It is well documented. The way...

Consortium NewsThe West Against the Rest or The West Against Itself? Pepe EscobarValdai ClubRUSSIAN BALL: A Russian Ball and Chinese Brick: Why Russia Is Perfect Target for Western Sanctions FRBNY — Liberty StreetDo You Know How Your Treasury Trades Are Cleared and Settled?Adam Copeland, Michael Fleming, Frank Keane, and Radhika Mithal Kremlin Troll Russia trolling JIT MH17 Max van der Werf (NL)Asia TimesRussia reveals the MH17 ‘smoking gun’ Pepe Escobar Russia  Observer Russian Mh-17...

The Iraq war? An honest mistake. The bailouts of criminal bankers in 2008? Unfair, but necessary. This is how they see things and it makes people apoplectic. In the face of a booming stock market and a grotesquely lopsided economic “recovery” during which the most wealthy members of society gained share from the bailouts, people remain angry and they have every right to be. The U.S. is not a free market economy, but a kakistocracy in which the “elites” have placed themselves above the law...

China is not afraid of “extreme measures” the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localization and accelerate the development of high-tech products, state media said. The People’s Daily newspaper, which is published by the ruling Communist Party, made the comments in a front-page article in its overseas edition on Wednesday.... China to follow Russia's lead in import substitution. This means that those markets will be...

I said rates were going higher. Trade wars intensify but stocks rally just like I said they would.

Michael Hudson was one of the few that predicted the crisis. He explains how the foundation for the next crisis was laid by the bank bailouts by rescuing creditors instead of debtors.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe Lehman 10th Anniversary spin as a Teachable MomentMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the...

Please join me for the first annual, MMT Trader dinner in NYC, Saturday, November 10 at 7pm. Drinks, food, discussion, stories, revelry, fun.In the heart of Wall Street at famed Harry's Restaurant. $250 per person.Click on the link below to reserve.https://www.pitbulleconomics.com/mmtdinner/-Mike Norman

The Western aristocracy is barking mad and filled with greed. They're so rich, so why do they want even more money? Is it the fun of it? Psychopaths feel no love, so they're lives are empty and filled with boredom. Are we on the brink of a new war? It looks very much like it. Will it be justified? I do not think so. Can we stop it? It is worth a try. Almost everyone missed an amazing and worrying moment in Parliament last week, when Foreign Office Minister Alistair Burt (pictured right) gave...

The leader of one of Britain’s main trade unions has suggested that Israel created the antisemitism row that has engulfed Labour over the summer. Mark Serwotka, who leads the Public and Commercial Services Union (PCS) and is a staunch supporter of Jeremy Corbyn, told a fringe event at the Trades Union Congress conference that the Jewish state could have “created a story that does not exist” in order to distract attention from “atrocities” he said it has committed. His comments were condemned...